Melbourne Market Report M42 – 17th April 2019

Melbourne Market Report M42 – 17th April 2019

MARKET REPORT – Melbourne Sale M42

17/04/2019

In a much smaller offering of best/good types in 17.5 to 19.0mic today the market again struggled for finer microns with 19.5 to 21.0mic attracting strong competition from Chinese indent buyers. A small selection of good/best 16.0 to 17.0mic received limited buyer support to close 15/20ac cheaper. 19.0 to 20.5mic best style with high yields and favourable am’s buyers paying a 10/15ac premium.

Fine Merino skirtings with less than 3%vm well supported and closed fully firm. Poorer style and lower yielding wools carrying above 5%vm continued to weaken and closed 5/10ac cheaper.